Ripped-Off Britain

* THE ONE AND ONLY, TRUE AND ORIGINAL, 'RIPPED-OFF' WEBSITE ON THE INTERNET *

SEE THE NEW "INTRODUCE YOURSELF" THREAD: HERE - - and - - LOOK AT OUR NEW "CAR-BUYING GUIDE" SUB-FORUM: HERE

    Living wage could save treasury £2 billion a year.

    Share
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 12447
    Points : 18859
    Reputation : -25
    Registration date : 2008-08-23
    Age : 73
    Location : Scotland

    Living wage could save treasury £2 billion a year.

    Post by papa_umau on Fri 28 Dec 2012, 1:07 pm

    The Treasury could save £2bn a year if 'living wage' was introduced for low-paid workers, a study has found.

    The Resolution Foundation and the Institute for Public Policy Research’s report recommends that all Government departments should pay the living wage of £7.45 an hour across the country – and £8.55 in London..

    Paying a living wage – which is higher than the £6.19-an-hour minimum wage for adults – would put an extra £6.5billion in the pockets of the lowest earners.

    And while it would increase the Treasury’s salary bill, they would end up saving at least £2billion – because living-wage earners would pay more income tax and rely less on benefits.

    About five million people are paid less than the living wage, including three million women.

    Matthew Pennycook, of the Resolution Foundation, said: “There are significant overall public savings to be made from paying a living wage, on top of the beneficial effects it would have on reducing working poverty.

    “Public sector employers are well placed to expand the living wage and to set an example which the private sector can follow.”

    Kayte Lawton, of the IPPR, added: “At a time when typical wages have flatlined but prices have continued rising, concerted action to drive up levels of pay for low earners is essential to improving living standards.”

    She said councils in Glasgow and Newcastle have already shown that the living wage can be affordable even though salary costs are higher.

    TUC general secretary designate Frances O’Grady said: “This report shows that fairer wages and decent in-work benefits are both vital means to boost living standards for millions of workers in low-pay-Britain.

    “Becoming a living wage employer helps staff, improves a company’s reputation and in many sectors is easily affordable.

    “In some cases, the overall wage bill rises by less than one per cent.”




    Well, there you have it in black and white folks !

    We can no longer just jump to conclusions that the minimum wage and even the better "living wage" is not affordable and would be overly expensive for all.

    Mind you I will not hold my breath waiting for this government to act on these two think-tank's advice.


    _________________
    Best of regards

    Papa......



    Guest
    Guest

    Re: Living wage could save treasury £2 billion a year.

    Post by Guest on Fri 28 Dec 2012, 1:48 pm

    These muppets clearly went to the same maths school as you did Paps

    If it was so easy, why not pay them £15 an hour and save £4 billion?

    These studies always state their assumptions - and anyone with half a brain (except you Paps) would notice these were wrong. One example that jumps out at me - the unemployed would remain unemployed if you paid extra to those working whereas if you paid less you could afford to recruit more people and so reduce unemployment. This is why I have always said the minimum wage is paid from the backs of the unemployed and is the cruelest of statutes.

    Clapcoe
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 12447
    Points : 18859
    Reputation : -25
    Registration date : 2008-08-23
    Age : 73
    Location : Scotland

    Re: Living wage could save treasury £2 billion a year.

    Post by papa_umau on Sat 29 Dec 2012, 1:47 pm

    Now you are just being facetious Clapco !

    Even if you do not respect these two learned think-tanks I think that you should maybe at least listen to what they say before going off on one.

    The points that they make are simple to understand and chucking that £15.00 an hour rubbish only serves to highlight how fixed and flawed your thinking is about the low-paid in Britain.

    Mind you, I guess that any employer will want to pay their bottom-end employees as little as they hope they can get away with so that they can maximise profits, and that way of thinking stems from the days of the dark satanic mills, and always will.

    It is thinking like that that created the Tolpuddle martyrs and which built up the workplace unions so that these victims might have some redress against the excesses of these employers.

    Thank heavens that these kinds of employers do not have it all their own way any more.

    The Tory ethic of creating low-paid work for as many people as possible so that when they are forced off jobseekers allowance into these poorly-paid jobs they can then say that the unemployment figures are going down, is as cynical and cruel as it has always been.

    It is the cost of living that decides what any "living wage" should be set at and if you don't like it then you obviously have no idea what it is like to have to work for a pittance.

    My old Irish grannie used to say: "Before you condemn a man, walk a mile in his shoes !"


    _________________
    Best of regards

    Papa......



    Sponsored content

    Re: Living wage could save treasury £2 billion a year.

    Post by Sponsored content


      Current date/time is Thu 19 Oct 2017, 10:08 am